New York Markets After Hours

Stryker posts 4.8% higher profit

SarahPringle

SAN FRANCISCO (MarketWatch) -- Medical technology company Stryker Corp.
SYK, +0.67%
reported late Wednesday a second-quarter profit of $325 million, or 85 cents a share, up from a profit of $310 million, or 80 cents a share, a year ago. Revenue for the quarter rose 2.9% to $2.1 billion. Analysts polled by FactSet had predicted the company would earn 99 cents a share. Shares of Kalamazoo, Mich.-based Stryker have risen nearly 8% so far this year, closing Wednesday at $53.57.

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